Advance Auto Parts, Inc. (NYSE:AAP) Receives $50.19 Consensus Target Price from Analysts

Advance Auto Parts, Inc. (NYSE:AAP) has earned a consensus rating of “Hold” from the twenty-one ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $50.1875.

AAP has been the topic of a number of analyst reports. Guggenheim reiterated a “neutral” rating on shares of Advance Auto Parts in a research report on Friday, August 21st. Wells Fargo & Company dropped their price target on shares of Advance Auto Parts from $60.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Roth Capital set a $48.00 price target on shares of Advance Auto Parts in a report on Friday, August 21st. The Goldman Sachs Group set a $49.00 price target on shares of Advance Auto Parts in a report on Friday, August 21st. Finally, Barclays reduced their price objective on shares of Advance Auto Parts from $59.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st.

Advance Auto Parts Price Performance

Shares of Advance Auto Parts stock opened at $43.41 on Friday. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 31.68, a price-to-earnings-growth ratio of 0.72 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.85 and a current ratio of 1.75. The stock has a 50 day moving average price of $51.13 and a 200-day moving average price of $53.94. Advance Auto Parts has a one year low of $37.89 and a one year high of $65.21.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Thursday, August 20th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.22. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.04 billion. Advance Auto Parts had a return on equity of 9.84% and a net margin of 0.97%.Advance Auto Parts’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Equities analysts expect that Advance Auto Parts will post 2.98 EPS for the current year.

Advance Auto Parts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 9th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. Advance Auto Parts’s dividend payout ratio is currently 72.99%.

Institutional Investors Weigh In On Advance Auto Parts

Institutional investors and hedge funds have recently modified their holdings of the business. NorthRock Partners LLC bought a new position in Advance Auto Parts in the 2nd quarter valued at $564,000. Baird Financial Group Inc. grew its holdings in shares of Advance Auto Parts by 1.5% in the second quarter. Baird Financial Group Inc. now owns 61,497 shares of the company’s stock worth $3,826,000 after purchasing an additional 879 shares during the last quarter. Nykredit A S purchased a new position in Advance Auto Parts in the 2nd quarter worth about $155,000. Corient Private Wealth LP increased its stake in Advance Auto Parts by 60.9% in the 2nd quarter. Corient Private Wealth LP now owns 8,723 shares of the company’s stock worth $543,000 after buying an additional 3,300 shares during the period. Finally, HighTower Advisors LLC purchased a new position in Advance Auto Parts in the 2nd quarter worth about $264,000. 88.70% of the stock is owned by institutional investors.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc (NYSE:AAP) is an automotive aftermarket parts provider serving do-it-yourself customers, professional repair shops and commercial customers. The company sells replacement parts, accessories, maintenance items, batteries, engine components, tools and other products used to maintain and repair cars, trucks and other vehicles.

Advance Auto Parts serves customers through a network of retail stores, distribution centers and online channels. Its operations include the Advance Auto Parts and Carquest brands, with products available through company-operated locations, independently operated Carquest stores and commercial delivery programs for professional customers.

The company’s business primarily covers the United States, with additional operations and customer service in Canada and certain U.S.